Wholesale Price-based Index (WPI) inflation (Base Year: 2011-12) has remained in double digits for eight consecutive months beginning April.
Speaking at a webinar organised by National Stock Exchange (NSE) and New York University (NYU) Stern Business School on Friday night, Spence said that in recent times there had been unusually rapid expansion in digital transactions due to access to mobile internet in India.
Colliers India, which is part of Canada-based Colliers, is one of the leading property consultants. In an interview with PTI, Nair said India’s office market has become favourable for tenants.
He was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity’s 11th annual convocation which was also held online.
According to Chakraborty, COVID-19 vaccination brings a sense of health security and should help resumption of normal economic activity, particularly in the services sector, which contributes more than 50 per cent of India’s GDP.
The finance minister was addressing a function after launching new schemes and handing over orders to various beneficiaries under the financial inclusion and credit outreach programme.
Kumar, however, cautioned that inflation is emerging as a key risk to sustainable global economic recovery with supply chain constraints and rising energy prices.
The PHDCCI Economy GPS Index for October 2021 increased to 131 as compared with 113.1 in the previous month. During the April-October 2021 period, it stood at 114.8 as compared with 78.7 in the previous financial year, the chamber stated.
Harvard University had extended Gopinath’s leave of absence on an exceptional basis by one year, which has allowed her to serve as Chief Economist at the IMF for three years.
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help limit the rise, the report added.
Muraleedharan said the Narendra Modi government has undertaken “far-reaching” structural reforms, making use of the mantra of ‘Reform, Perform and Transform’.
The RBI’s rate-setting panel MPC started its three-day deliberations on Wednesday. The central bank will announce the fourth bimonthly monetary policy review on Friday amid inflation remaining above its target for two months in row.
The Monthly Economic Review for August 2021 released by the Department of Economic Affairs (DEA) on Thursday said that sanguine economic prospects continue to be catalysed by effervescent external sector indicators.
In the first quarter of financial year 2021-22, India’s GDP witnessed a growth of 20.1 per cent compared to the same period of the last fiscal.
Though the Q1 growth is a tad lower than RBI’s expectation of 21.4 per cent growth, it is still on course to make a good recovery taking the economy back to its pre-Covid size.
The filing of forms GSTR-3B and GSTR-1/IFF by companies using electronic verification code, instead of digital signature certificate has already been enabled for the period from April 27 to August 31.
Speaking at the Converge@Walmart event, McMillon noted that given the diversity of the Indian market, the company has to ”think local and execute locally”.
The National Monetisation Pipeline (NMP) comprises a four-year pipeline of the Central Government’s brownfield infrastructure assets.
Accordingly, the annual rate of inflation, based on wholesale prices, rose to 11.16 per cent last month from 12.07 per cent in June.
For the first time since the start of the pandemic, Grant Thornton’s global index of mid-market health is back on an upward trajectory.
RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was passed by the Lok Sabha on July 28 and by the Rajya Sabha on Tuesday following a brief discussion amid ruckus created by Opposition parties over the Pegasus snooping row and other issues.
According to the officials, two accused persons — a trader and a tax consultant — were arrested on Tuesday for violation of different provisions of the GST Act.
According to IMF estimation, faster access to vaccinations for high-risk populations could potentially save more than half a million lives in the next six months alone.
The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) declined to 48.1 in June from 50.8 in May.
